cap hpi had developed a new tool to support dealers price optional extras on used vehicles.
Its Options Value tool is available free to subscribers in the Valuation Anywhere product.
Derren Martin, Director of Valuations at cap hpi, said, “Inaccurate values have existed in the industry for years when it comes to optional extras, and many dealers will no doubt have been factoring in their own values. This aims to remedy the situation by offering more defined guidance. With Option Values we’re addressing this and ensuring that our customers no longer end up losing out or attribute their own estimated values.
“Our values will still show the value of the base vehicle, but now dealers can add in the optional extras to get a more accurate understanding of how much those should be worth on the used market. Used in conjunction with our Cap Live daily product, this makes our valuations more accurate than ever.”
